Chinese President Xi Jinping on Tuesday affirmed that the "One Country, Two Systems" principle is "fully applicable, achievable, and popular."

Delivering his 2020 New Year speech, President Xi hailed the successful implementation of "One Country, Two Systems" in ensuring prosperity and stability in China's Macao Special Administrative Region (SAR).

Referring to the situation in Hong Kong SAR, Xi said prosperity and stability in the region have always pulled at the heartstrings of all people in the Chinese mainland.

"Hong Kong's prosperity and stability is the wish of Hong Kong compatriots and the expectation of our motherland."

He also delivered his sincere wishes to Hong Kong residents, stressing that a harmonious and stable society sets the premise of a sweet and peaceful homeland.